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One Offer, No Discussion
Two strangers are handed £100 to divide, and a single rule for doing it.
About One Offer, No Discussion
The ultimatum game as a story: one split of 100 pounds, one accept-or-reject, no negotiation.
A Proposer names any split of 100 pounds; the Responder accepts it or rejects, in which case both get nothing. One offer, no counter-offers, no conversation, strangers who play once. The story asks what the Proposer should offer and what the Responder does. You lock in a guess, then step through the answer and breakdown.
Why quant interviews test this
This tests backward induction plus model humility: derive the equilibrium cleanly, then say why observed play differs. The written solution at /brain-teasers/ultimatum/solution lays out both halves.
The One Offer, No Discussion guide covers how scoring works, the strategy that wins, a worked example and the mistakes most players make.
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- Screwy Pirates - Five rational pirates vote on how to split 100 gold coins, and you work out the split by backward induction from a one-pirate crew up.
- Tiger and Sheep - A hundred rational tigers and one sheep on a magic island, where any tiger that eats becomes a sheep itself - solved by induction on parity.
- The Split Deal - The prisoner's dilemma played as a story: two thieves, separate rooms, and one offer each.
- Stag or Hare - The stag hunt as a story: two equilibria, and a choice that comes down to trust.
- The Growing Pot - The centipede game as a story: a pot that doubles on every pass, and logic that says take it immediately.
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